A lump sum settlement is the most basic types of settlements, and most payments in personal injury cases take this form. As the name suggests, it involves the defendant in the personal injury case paying you (the plaintiff) a single sum of money, which constitutes the entire settlement.
Full Answer
What are the three types of settlements?
There are generally three types of settlements: compact, semi-compact, and dispersed. Each is based on its population density. Compact settlements have the highest density of population.
How do structured settlements work?
In a structured settlement, the defendant agrees to pay you in a series of payments; this is known as an annuity plan. The payments may continue for several years, or even the rest of your life. The precise arrangement of these types of settlements, i.e., the amounts of payments, and how often the payments occur, will vary from case to case.
What are dispersed settlements?
Dispersed settlements are also known as isolated settlements or scattered settlements. Dispersed settlements are the least populated of the types of settlements and are located in regions of a country that are remote or far away from other settlements of any type.
What are the factors that affect the development of a settlement?
Cultural factors, including how people traditionally use the land, ideas of ownership, the crops they choose to grow, social hierarchy, and transportation availability. There are generally three types of settlements: compact, semi-compact, and dispersed. Each is based on its population density.
What are the 4 types of settlements?
The four main types of settlements are urban, rural, compact, and dispersed.
What are the 5 types of settlements?
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear.
What are the 3 types of settlements?
Settlement Types There are generally three types of settlements: compact, semi-compact, and dispersed. Each is based on its population density.
What type of place are formed as settlements?
Settlements may include hamlets, villages, towns and cities.
How many types of class 7 settlements are there?
Settlements are of two types, temporary settlements in which a group of houses are built for a short period of time, and permanent settlements in which homes are built for a long period of time.
What are 2 main types of settlement?
Settlements can broadly be divided into two types – rural and urban.
What is an example of a settlement?
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
What is a settlement Grade 4?
Places to live in: Farm, village, town, city • A place where a group of people live is called a settlement, like farms, villages, towns and cities.
What are the main types of human settlements?
Human settlements can broadly be divided into two types – rural and urban.
What is settlement short answer?
Settlements are places where people build their homes. Settlements can be permanent or temporary. The four major means of transport are roadways, railways, waterways and airways.
What are called rural settlements?
The settlement where the occupation of majority of people relate to the local natural resources are called rural settlement for example, (1) settlement of fisheries along a sea coast, (2) settlement of tribal people in the forest area and (3) settlement of farmers along the banks of rivers.
What kind of settlement is a city?
You may call it a village, a town or a city, all are examples of human settlements. The study of human settlements is basic to human geography because the form of settlement in any particular region reflects human relationship with the environment.
What is an example of a settlement?
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
What types of settlements are there in South Africa?
The four broad settlement types found in South Africa are:formal urban areas.informal urban areas.commercial farms.tribal areas and rural informal settlements.
How many human settlements are there?
What are the types of human settlements? There are three types of human settlements that humans have used historically and in the modern age. They are rural human settlements, urban human settlements, and suburban human settlements.
What are settlements explain?
Definition of settlement 1 : the act or process of settling. 2a : an act of bestowing or giving possession under legal sanction. b : the sum, estate, or income secured to one by such a settlement. 3a : occupation by settlers. b : a place or region newly settled.
Urban Settlements
Urban settlements, or urbanized areas, are the most populated of the settlement types and usually consist of the largest land area. Urban areas are the most developed of the different types, with advanced infrastructure and many buildings. Urbanized areas are densely populated, mostly non-agricultural areas.
Rural Settlements
The designation of rural settlement status depends on the nation and government that a settlement is in. Rural settlements are smaller populated areas outside of urban areas that have a large amount of agriculture involved in the settlement.
Compact Settlements
Settlements that are close together are called compact settlements, and they can be rural or urban settlements based on how the settlement was designed. Compact settlements consist of structures that were closely built together with residential and commercial areas being zoned away from the agriculture or the environment.
Dispersed Settlements
Dispersed settlements are also known as isolated settlements or scattered settlements. Dispersed settlements are the least populated of the types of settlements and are located in regions of a country that are remote or far away from other settlements of any type.
Benefits
Settlements may be reached even before a lawsuit is filed. This makes them valuable negotiation tools between potential legal adversaries; at the same time, they save the money that consumers would have to spend in attorney fees for a complete trial.
Intent
A settlement is an agreement between a party that believes it has been wronged and the party allegedly at fault. For example, in the case of a personal injury lawsuit, a store may be sued if a consumer slipped and fell on a wet spill that was not properly wiped up.
Features
Settlements are almost always confidential. They are legally binding contracts on all parties to a legal action--whether it has been filed or not--and usually involve the payment of damages to the party that is the plaintiff.
Types
There are usually two types of settlements: structured settlements and lump sum settlements. A structured settlement stipulates the payment of a predetermined sum of money, but it breaks up the settlement figure into individual payments. These might be monthly payments, yearly payments or payments made in different time intervals.
Considerations
Both types of settlements have specific tax considerations. The Cornell University law school (a link is provided in the Resources section) maintains an online copy of U.S. Code Title 26, 5891--which explains that the payer of the settlement is not responsible for the withholding of any taxes.
What type of settlements are built around a lake?
We also find this in settlements built all at once. Circular or semi-circular: These types of settlements are often built partway around or completely surrounding a lake or large pond. Circular settlements are also built for defense with a protective wall around the perimeter.
Where are linear settlements found?
Linear: These settlements are built in a line of houses. Often, they are found in a long valley, but they can also stretch out along a roadway or riverbank.
What is a semi compact settlement?
Semi-compact types are clusters of houses, also called hamlets, not as tightly placed as compact settlements, but showing a clear grouping and boundary. Dispersed settlements are scattered throughout the rural landscape with farmers building homes directly on their farmland.
What is a pattern in a settlement?
Patterns refer to the shape of a settlement, not its density. It's easier to define the compact or semi-compact settlements, as the dispersed settlements are usually too spread out to define a shape. There are many more patterns, but the most common rural settlement patterns are:
What are the factors that make up a dispersed settlement?
Dispersed settlements are the result of many different factors, including the needs of the farm to have permanent attendants, open grasslands, hilly terrains, and relative security that raiders will not attack it. Patterns refer to the shape of a settlement, not its density.
Which settlement has the highest density of population?
Compact settlements have the highest density of population. They have homes stacked together, often touching at the sides or stacked in multi-family buildings. Streets tend to be narrow between the rows of homes. We often find this type of arrangement in highly fertile floodplains.
What are cultural factors?
Cultural factors, including how people traditionally use the land, ideas of ownership, the crops they choose to grow, social hierarchy, and transportation availability.
Linear: Whitehaven, UK
A linear settlement is a settlement that is situated along a road, river, valley or coastline. Whitehaven is situated beside a road: the A595.
Nucleated: Milton Keynes, UK
A nucleated settlement is a settlement that is clustered round a water supply or crossroads. Milton Keynes is an example of this: it is clustered around the crossroads of the A505 and Standing Way.
Structured Settlements
- In a structured settlement, the defendant agrees to pay you in a series of payments; this is known as an annuity plan. The payments may continue for several years, or even the rest of your life. The precise arrangement of these types of settlements, i.e., the amounts of payments, and how ofte…
Advantages and Disadvantages of Structured Settlements
- Structured settlements are less common than lump sum payments, and it’s not very hard to see why. If you have been in an injury, you likely want to recover your damages as soon as possible, and so having your money trickle in over a long period of time might be frustrating. But structured settlements do have a variety of advantages. Perhaps you’ve heard the stories about people wh…
Which Settlement Will Work Best For You?
- Each case is different, which is why options exist. Your attorney can help you examine your circumstances and review all the options to create a settlement solution that is right for you. At TorkLaw, our attorneys are experienced at assisting clients with settlement decisions. Call us at 888.845.9696 for a FREE consultation.